World News Story: Long-Term Mortgage Rates Fall as 30-Year Average Hits 3.82%

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US long-term mortgage rates fall; 30-year average at 3.82% Updated 12:15 pm CDT, Thursday, June 6, 2019 FILE – This April 13, 2019, file photo, shows rows of homes, in suburban salt lake City.

Photo: Rick Bowmer, AP US long-term mortgage rates fall; 30-year average at 3.82% 1 / 1 Back to Gallery WASHINGTON (AP) – U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017.

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U.S. long-term mortgage rates fall; 30-year average at 3.82% June 6, 2019 detroitnews Leave a Comment Associated Press Published 12:06 PM EDT Jun 6, 2019 Washington – U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017.

Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage dipped to 3.82% from 3.99% last week. By contrast, a year ago the benchmark rate stood at 4.54%. The average rate for 15-year, fixed-rate home loans declined this week to 3.28% from 3.46%.

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The overall vacancy rate downtown fell to 12.2%, the lowest rate since the second quarter of 1998, according to the year-end report from the Chicago office of New York-based Cushman & Wakefield.

WASHINGTON (AP) – U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017.

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